WEC Energy Group Inc (WEC)
WEC Energy Group, based in Milwaukee, Wisconsin, provides electricity and natural gas to 4.4 million customers across four states.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 98.37% per annum.
- WEC price at the close of November 20, 2024 was $99.27 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 25.95% per annum.
- WEC price at the close of November 20, 2024 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of WEC price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: May 28, 2024
End date: October 28, 2024
a = 1.2226
b = 0.0019
s = 0.0288
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 98.37%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0288) – 1
= 12.19%
May 28, 2024 calculations
Top border of price channel:
Exp(Y1,134)
= Exp(a + b × X1,134 + 2 × s)
= Exp(a + b × 1,650 + 2 × s)
= Exp(1.2226 + 0.0019 × 1,650 + 2 × 0.0288)
= Exp(4.3765)
= $79.56
Bottom border of price channel:
Exp(Y1,134)
= Exp(a + b × X1,134 – 2 × s)
= Exp(a + b × 1,650 – 2 × s)
= Exp(1.2226 + 0.0019 × 1,650 – 2 × 0.0288)
= Exp(4.2615)
= $70.91
October 28, 2024 calculations
Top border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 + 2 × s)
= Exp(a + b × 1,803 + 2 × s)
= Exp(1.2226 + 0.0019 × 1,803 + 2 × 0.0288)
= Exp(4.6636)
= $106.02
Bottom border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 – 2 × s)
= Exp(a + b × 1,803 – 2 × s)
= Exp(1.2226 + 0.0019 × 1,803 – 2 × 0.0288)
= Exp(4.5486)
= $94.50
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 98.37% per annum.
- WEC price at the close of November 20, 2024 was $99.27 and was inside the primary price channel.
Secondary Trend
Start date: August 21, 2024
End date: November 20, 2024
a = 3.4283
b = 0.0006
s = 0.0142
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 25.95%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0142) – 1
= 5.84%
August 21, 2024 calculations
Top border of price channel:
Exp(Y1,193)
= Exp(a + b × X1,193 + 2 × s)
= Exp(a + b × 1,735 + 2 × s)
= Exp(3.4283 + 0.0006 × 1,735 + 2 × 0.0142)
= Exp(4.5535)
= $94.96
Bottom border of price channel:
Exp(Y1,193)
= Exp(a + b × X1,193 – 2 × s)
= Exp(a + b × 1,735 – 2 × s)
= Exp(3.4283 + 0.0006 × 1,735 – 2 × 0.0142)
= Exp(4.4967)
= $89.72
November 20, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.4283 + 0.0006 × 1,826 + 2 × 0.0142)
= Exp(4.6110)
= $100.58
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.4283 + 0.0006 × 1,826 – 2 × 0.0142)
= Exp(4.5543)
= $95.04
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 25.95% per annum.
- WEC price at the close of November 20, 2024 was inside the secondary price channel.